" Interest in India is still intact " : Sokhi Scan !

Interest in India is still intact. Well that’s true, billions of dollars of outflow in recent months notwithstanding. If the turnout in the recent equity conferences on India is any indication, the country does not seem to have fallen way off the radar of foreign investors. Quite a few international financial majors that have their stock broking arms in India have held their India centric conferences both in India as well as abroad and the response, as per a leading business daily, has been quite impressive. Corporates, hedge funds and long-only investors emerged as the major participants in these events.

Although conscious of the fact that valuations in the country have turned quite attractive, these investors wanted to wait for macro stability to emerge before they could start investing in India again. The credit related fire that has singed major economies across the world has also impacted India. But thanks to its relatively lower dependence on exports and a strong internal market, the economy is still expected to pull it through with growth in the region of 6% to 7%. This coupled with cheap valuations is likely to attract foreign investors sooner than later.